EUR/CAD – 30M – BUYThe combination Euro/Canadian Dollar (EUR/CAD) jumps from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.61853 is expected.
Caution: A possible change in the direction of the support line at 1.61568 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61981 |
| 2nd High | 1.61874 |
| Next High | 1.61853 |
| Current Price | 1.61686 |
| Next Low | 1.61568 |
| 2nd Low | 1.61408 |
| 3rd Low |
1.6174 – 1.61853 – 1.61874 – 1.61568 – 1.61408 – 1.61644 —
1.61643 – 1.61752 —
44.770734010875 – 47.802217895631 —
1.61568 – 1768469400 —
1.61740 – 1768455000
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – – – – – – – – –